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World Bank says India has huge potential, projects 7.3% growth in 2018 and 7.5% in next two years

World Bank says India has huge potential, projects 7.3% growth in 2018 and 7.5% in next two years

India’s growth rate in 2018 is projected to hit 7.3 per cent and 7.5 per cent in the next two years, according to the World Bank, which said the country has “enormous growth potential” compared to other emerging economies with the implementation of comprehensive reforms. India is estimated to have grown at 6.7 per cent in 2017 despite initial setbacks from demonetisation and the Goods and Services Tax (GST), according to the 2018 Global Economics Prospect released by World Bank.